Are revenue or profit sharing considered nondiscretionary bonuses when determining the salary base in the FLSA “Final Rule” overtime exemption rules?

Interviews General Queries 2 years ago

0 1 0 0 0 tuteeHUB earn credit +10 pts

5 Star Rating 1 Rating

Posted on 16 Aug 2022, this text provides information on General Queries related to Interviews. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Answers (1)

Post Answer
profilepic.png
manpreet Tuteehub forum best answer Best Answer 2 years ago

With the new overtime salary requirements coming into effect, I'm trying to figure out the salary requirements as described in this fact sheet.

My question is can we include either revenue sharing, profit sharing or both payouts when calculating the weekly salary? We pay salary people monthly and include payouts for both each month. I think profit sharing is excluded when calculating overtime rates so I'm guessing it can't be included when calculating the weekly salary. However, I don't know how to address revenue sharing.

No matter what stage you're at in your education or career, TuteeHub will help you reach the next level that you're aiming for. Simply,Choose a subject/topic and get started in self-paced practice sessions to improve your knowledge and scores.